Dockwise, $24M in Near-Term Contracts

Thursday, November 19, 2009

Dockwise, together with industry partners, has received contract awards to transport various jack up drilling rigs to Sjarjah, Tianjin, West Africa, Sudan and Singapore and modules and a salvage vessel to Stavanger and Nigeria respectively. Most of the contract work will be carried out in Q4 2009 with the remainder to be performed in Q1 2010. Total contract revenues for the Dockwise contracts are expected to be approximately $24m.